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Lemay-be I'm Amazed
Sale of 50,000-square-foot medical office building at 2900 Lemay Ferry Road in St. Louis, Missouri
Blueprint MOB team leverages local knowledge and relationships to successfully execute sale for long-standing client
Hired by public REIT to market this Class B medical office building, Blueprint’s MOB team successfully sourced multiple local bidders to create a competitive process and maximize proceeds for their client
In order to achieve a successful conversion play, Blueprint’s MOB team thought outside the box by finding local MOB and office buyers to solve for the short term in-place leases
Built in 1983, the 50,000-square-foot medical office building is located on a 4-acre parcel in the St. Louis MSA with an adjacent parcel ideally suited for future expansion and development
Strong surrounding healthcare presence, including 8 short-term acute care hospitals, were located within 10 miles of the building, making up more than 4,100 beds
An all-around win for both the buyer and seller, Blueprint continues to prove their value to the marketplace with creative solutions for the full spectrum of healthcare real estate assets
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